Ideally situated on the premier nook of East sixty fourth Avenue and Picadilly Highway, this sizable web site affords unrivalled connectivity all through the Aurora/Denver metopolitan space, sitting lower than one mile west of E-470 and minutes from the Denver Worldwide Airport and the Regional Transportation District’s (RTD) commuter mild rail station at 61st Avenue and Peña Boulevard. This dynamic location stands on the fringe of the Rocky Mountain’s Entrance Vary, providing spectacular pure panoramas of Pikes Peak, Mount Evans, downtown Denver and Longs Peak, whereas additionally offering near-immediate entry to world-class procuring, dinining, leisure and transportation choices – the proper mix of majestic mountain dwelling with stylish, city underpinnings. The positioning’s Combined-Use Airport zoning (MU-A), along with the Airport Affect Overlay (AIO), permits a variety of dense industrial, workplace, resort/hospitality, multifamily and retail makes use of, making it extremely fascinating for a wide range of builders. The present proprietor has accomplished most of the property entitlements for a mixed-use industrial and residential improvement, which might save the brand new proprietor important money and time in the event that they select to develop the property similarly. The property additionally has all the required utilities out there to the positioning.
The world instantly surrounding the property, a so-called aerotropolis or a mini-city developed round a serious airport, has seen stratospheric development over the previous couple of years. This development is anchored by the brand new Gaylord Rockies Resort & Conference Middle, a 1.9-million-square-foot constructing set on 85 acres that opened on the finish of 2018 and boasts over 1,500 trendy visitor rooms, 500,000 sq. toes of versatile assembly house and the Arapahoe Springs Water Park. In accordance with 5280, Denver’s Mile Excessive Journal, it’s estimated that the complicated might add ” $273 million annually to the local economy.”
The positioning will probably be offered as a part of a chapter sale with a deadline for bids of November 17, 2021. On June 23, 2021, the possession entity, Hilltop at DIA, LLC, filed for chapter safety on account of COVID-related delays attributable to the pandemic in finalizing entitlements. The event of this property, like many all through the nation, was compelled to pause. This unlucky delay resulted in possession in search of the safety of the chapter courtroom to permit them extra time to promote the property. The chapter gross sales course of represents probably the most environment friendly means for a brand new purchaser to acquire clear title to the property and begin improvement as shortly as potential.
Situated roughly 10 miles east of downtown Denver, Aurora has change into considered one of the nation’s top 10 fastest-growing cities. Because the final census, Aurora, Colorado has seen an unprecented inhabitants surge totaling 19.58% with the town’s inhabitants now reaching 388,723 as of 2021. Now the third largest metropolis within the state, Aurora has expanded from its humble roots in agriculture and farming into a various financial system that spans throughout healthcare, bioscience, renewable power, aerospace, protection, training and extra. From historic Colfax Avenue, which runs via downtown Aurora, to the way forward for interstellar journey on the Colorado Air and House Port, the town embraces the longer term whereas respecting its previous. Main space employers embrace Buckley House Power Base (12,100 workers), Anschutz Medical Campus (6,360 workers), College of Colorado Hospital (4,050 workers), Raytheon (2,430 workers), Kaiser Permanente (1,940 workers), Amazon (1,500 workers), Tyco (850 workers), Northrop Grumman (750 workers), ADT Inc. (700 workers), Lockheed Martin, Staples and others. By a mix of reasonably priced housing, low value of dwelling, proximity to main employers and multi-modal transportation choices, Aurora offers a sustainable setting for its new and present residents, in addition to a fertile setting for companies to thrive.
Steve Madura, senior vice chairman at Hilco Actual Property, acknowledged, “This improvement parcel is situated inside one of many hottest markets within the nation and offers one of the vital compelling alternatives within the nation for a wide range of refined builders to get in on the motion.” He continued, “This web site characterize one of many final remaining giant mixed-use improvement parcels wherever in Northeast Aurora. Mix that with the truth that the positioning is inside a Certified Alternative Zone and could also be eligible for bond and TIF financing,the chapter sale represents a once-in-a lifetime alternative.”
Jeff Azuse, senior vice chairman at Hilco Actual Property added, “Because of the excessive volatility of the inventory market in latest months and potential governmental modifications to the tax code, buyers are in search of different alternatives that present a secure haven from the present international uncertainty…and actual property, particularly land situated within the path of improvement, has traditionally offered the long-term stability and diversification buyers search. As such, we count on an amazing response to this providing.”
The bid deadline is scheduled for Wednesday, November 17, 2021. Bids have to be delivered to the workplaces of Hilco Actual Property on or earlier than 5:00 p.m. (CT) on the day of the deadline to be thought of. patrons ought to assessment the detailed bid procedures for necessities to be able to take part within the chapter sale course of, which can be found on Hilco Real Estate’s website. For additional data, please contact Steve Madura at (847) 504-2478 or [email protected]. Bids could also be submitted through mail to the next handle: Hilco Actual Property, 5 Revere Drive, Suite 410, Northbrook, IL 60062, or through electronic mail to [email protected].
For additional data on the property, a proof of the sale course of, bidding procedures or to acquire entry to property due diligence paperwork, please go to HilcoRealEstate.com or name (855) 755-2300.
About Hilco Actual Property
Hilco Actual Property (“HRE”), a Hilco International firm (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a nationwide supplier of strategic actual property disposition companies. Performing as an agent or principal, HRE makes use of its expertise to advise and execute methods to help shoppers in deriving the utmost worth from their actual property property. By leveraging multi-faceted gross sales methods and strategies, aggressive repositioning and restructuring expertise, an unlimited and motivated community of patrons and sellers, and substantial entry to capital, HRE exceeds expectations even in probably the most complicated transactions.
SOURCE Hilco Actual Property